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M&A Deal Summary

ICON Information Consultants Acquires Vendorpass

On November 18, 2020, ICON Information Consultants acquired staffing company Vendorpass from The Adecco Group

Acquisition Highlights
  • This is ICON Information Consultants’ 1st transaction in the Staffing sector.
  • This is ICON Information Consultants’ 1st transaction in the United States.
  • This is ICON Information Consultants’ 1st transaction in Florida.

M&A Deal Summary
Date 2020-11-18
Target Vendorpass
Sector Staffing
Buyer(s) ICON Information Consultants
Sellers(s) The Adecco Group
Deal Type Divestiture

Target

Vendorpass

Jacksonville, Florida, United States
Vendorpass is a provider of payrolling services. Vendorpass specializes in W-2 employer of record services and functions, 1099 independent contractor validation, billing and agency of record services, and transition and implementation management. Vendorpass was founded in 2007 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

ICON Information Consultants

Houston, Texas, United States
Category Company
Founded 1998
Sector Staffing
DESCRIPTION

ICON Information Consultants, LP provides workforce management solutions. From payroll and IC management services to staff augmentation, end-to-end outsourcing, and project management, ICON offers an extensive portfolio of professional and consulting services. ICON Information Consultants, LP was founded in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Staffing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

The Adecco Group

Zurich, Switzerland
Category Company
Founded 1957
Sector Staffing
Employees35,089
Revenue 23.1B EUR (2024)
DESCRIPTION
Entrance to Adecco office in Stockholm, Sweden.
Entrance to Adecco office in Stockholm, Sweden.

The Adecco Group is an HR solutions provider that offers a wide variety of services, connecting more than 650,000 associates with clients daily. The Adecco Group was founded in 1957 and is headquartered in Zurich, Switzerland.

DEAL STATS #
Overall 4 of 5
Sector: Staffing M&A 2 of 2
Type: Divestiture M&A Deals 4 of 5
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Soliant Health

Peachtree Corners, Georgia, United States

Soliant Health is a provider of healthcare staffing solutions. The company also provides travel nurses, allied health clinicians and clinical development specialists for the life sciences market. Soliant Health was founded in 1991 and is based in Peachtree Corners, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Adecco Group - Legal Consulting & eDiscovery Business

Zurich, Switzerland

Adecco Group's Legal Consulting & eDiscovery Business (D4 & EQ) provides legal consulting and eDiscovery (legal solutions).

Sell -
Mergr

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Company

Legal